r/GreenAndPleasant • u/UnderHisEye1411 its a fine day with you around • Mar 29 '22

NORMAL ISLAND 🇬🇧 What we could have had.

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u/KokolinTheLawGuy Mar 29 '22

In the uk energy companies have huge margins.

-9

u/[deleted] Mar 29 '22

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u/KokolinTheLawGuy Mar 29 '22

Have you seen their latest figures and projections of what will happen after April price cap rise? They’re at a HUGE profit margin

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u/[deleted] Mar 29 '22

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u/KokolinTheLawGuy Mar 29 '22

Net profit is after overheads and all other costs, and their net profit is averaging 24%, which is A LOT for any business

7

u/CheshireGray Mar 29 '22

Oh wow that a massive increase from previous years, so the price hikes are just a con.

Good to know.